What is Solana?

Solana is a blockchain platform designed to host decentralized, scalable applications. Founded in 2017, Solana is an open-source project currently run by Solana Foundation based in Geneva, while the blockchain was built by San Francisco-based Solana Labs.1 Solana is much faster in terms of the number of transactions it can process and has significantly lower transaction fees compared to rival blockchains like Ethereum.

Methodology:

In this dashboard I am going to do a compressive review of Genopets NFTs and there performance overtime and overall to get a sense of how they have performed over time and how they are performing at the current date. I will be looking at a range of metrics many involving the NFTs directly and some that look into the Genopets tokens and there performance. I will discuss all of these metrics in detail and provide insights on anything particularly interesting or insightful from the data.

Metrics:

1. Daily Genopets NFT Sales Volume in SOL
2. Daily Unique Genopets NFT Purchasers
3. Total Genopets Sales Volume In SOL
4. Total Unique Genopets NFT Purchasers
5. Daily Average Sale Price of Genopets NFTs
6. Average Genopet NFT Sales Price
7. Genopets NFTs Sales Price Distribution
8. Top 10 Genopets NFT Purchasers by NFTs Purchased
9. Top 10 Genopets NFT Sellers by NFTs Sold
10. 10 Top Genopets Purchasers Purchase Time and Amount In Sol
11. 10 Top Genopets Sellers Sell Time and Amount In Sol
12. Daily Genopets Token Transfers
13. Total Genopets Token Transfers
14. Daily Genopet Tokens Unique Users
15. Total Genopet Tokens Unique Users

Base Analytics Analysis:

If we look at the first metric in the top left corner we can see that the bulk of Genopets NFT sale volume occurred from March of 2022 to around Early April of 2022 reaching peaks of 1563 Sol in a single day, after that though they began to peter out and by the current day the sales volume is pretty minimal ranging anywhere from 0-30 Sol. Overall the total Sales volume of these NFTs though is 15.85k Sol, which the bulk comes from the March to April period as discussed earlier. If we move onto unique NFT purchasers we can see that this graph follows a similar trend to the graph above it although it shows more unique purchasers even when the volume was relatviely low from January of 2022 to the beggning of March of 2022. Although like the total volume this graph follows a similar trend in that as we get closer to the current date we see less and less activity. Overall 1468 unique purchasers have bought a genopets NFT this means that on average each user has spent 10.8 Sol on these NFT, likely meaning they have bought more than one of them, as the average price of these NFT is only 2.59 Sol as we will explore in the following section.

Average Sales Analysis:

If we look at the first graph at the top we can see that the average price of Genopets has increased over time highlighting that as they have gained more popularity the demand has increased thus leading to higher prices. At the very beginning they were selling for around .8 Sol on average but reached peaks of being sold for nearly 35 Sol on average although currently they sit around 10-15 Sol daily. The overall Average sales price for a Genopets NFT is 2.59 Sol although this is not super realistic as it accounts for the NFTs when they were sold for much cheaper and thus is skewed to the lower end, if we were to only look at more recent times we would see that the average price is not much higher as Genopets have become much more popular. If we look in the bottom left we can see the distribution of sales of these NFTs as you can see the most have been sold for 0 to 1, although a lot have also have also been sold within the range 1 to 8 Sol. As we get above 8 Sol though the amount bought really goes down highlighting that they have not been sold as these prices for very long and are just recently achieving such high prices. Overall though it seems like these NFTs have possibly reached there max price as they are no longer trending upwards like they used to, and sales of these NFTs have dropped majorly.

Top Buyers/Sellers Analysis:

If we draw our attention to the metric in the top left corner we can see the top 10 Genopets NFT purchasers and how many of these NFTs they have purchased. As you can see most of these users have bought between 30-40 Genopets NFTs, although a few have bought more with one user who has purchased 92 Genopets NFTs. If we move onto the metric on the right we can see the time and prices that these users have bought there NFTs, as you can see for the most part as time goes on the price of these NFTs increases highlighting a trend we saw earlier of the price increasing over time, as Genopets have gained more popularity. Another trend I have observed from this graph is that these users tend to buy all at the same time, there are a large amount of these NFTs that stack on top of one another highlighting that these users may be striking on the perfect time to buy when they can get the NFTs for the cheapest. If we move onto the metric in the bottom left corner we can see the top Genopets NFT sellers, one interesting thing I would like to note is that the top sellers are also not the top buyers which highlights that the top buyers are not just buying these NFTs to flip them but to hold them potentially. If that were not the case you would assume these user groups to match up more as the purchasers hold many of the NFTs and thus have the ability to sell the most. If we move onto the last metric in the bottom right we can see that it follows many of the same trend as the graph above it which likely means that the these sellers are selling to the buyers in the graph above.

Token Analysis:

The Final thing I am going to look at in this dashboard is the Genopets tokens KI and GENE and see how there performance has been over time and overall. If we look at the first graph in the top left we can see the the tokens follow a similar pattern to the NFT with larger trading volume from March to April of 2022 which has petered out into the current day, we can see that same trend in the graph below with unique users highlighting that there is a direct correlation between the Genopets NFTs and there tokens. If we look at the overall metrics for both unique users and total transfers by token we can see that GENE is a much more popular token than KI with KI only have a fraction of the overall transfers that GENE. This is likely because KI was introduced much later as you can see in the graphs were it starts being transferred around Mid/Late June of 2022 and thus missed the bulk of Genopets token usage which occurred much earlier in the year. Overall it appears that these tokens are not going to become anymore used into the future as they have stayed at this use rate for the last several months, with no obvious change in sight.

Conclusion:

1. Genopets NFTs sales volume and unique users have really gone down over time and have reached a somewhat low point by the current date producing little to no volume daily and having little to know unique users daily.
2. Genopets NFTs were most popular from around March of 2022 to April of 2022.
3. The Average price of Genopets has been increasing over time but has appeared to reach it peak at the 10-15 Sol territory, as the popularity of the NFTs seems to have gone down and the average sales price is no longer increasing like it was before.
4. The Top NFT sellers and purchasers are not the same people meaning that the top Genopets purchasers are not just there to flip the NFTs for profit.
5. The Genopets tokens, GENE and KI, follow a similar trend to the Genopets NFTs peaking in transfers and unique users from March to April of 2022, and slowing down majorly by the current date.

What are Genopets?

This Pokemon-looking game is a free-to-play and move-to-earn NFT mobile game built on Solana that capitalizes on a fun and healthy lifestyle. Genopets applies data tracked by fitness wearables with blockchain-enabled mechanics.